The Impact of COVID-19 is included in CNG Compressor Market Report. Buy it today to get an advantage.
Request the impact of COVID-19 on your product or industry
CNG Compressor Trends and Forecast
The future of the global CNG compressor market looks promising with opportunities in the industrial, residential, and transportation markets. The global CNG compressor market is expected to reach an estimated $4.5 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing demand for natural gas in the automotive industry to replace gasoline, growing consumer desire for greener energy, as well as, growing understanding of the advantages of CNG for the environment and the necessity of reducing reliance on fossil fuels.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
CNG Compressor by Segment
The study includes a forecast for the global CNG compressor by technology, application, and region.
CNG Compressor Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Positive Displacement
• Dynamic
CNG Compressor Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Industrial
• Residential
• Transportation
CNG Compressor Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of CNG Compressor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies CNG compressor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the CNG compressor companies profiled in this report include-
• Ariel
• Atlas Copco
• Bauer Compressors
• Wärtsilä
• CIMC Enric
• Kobelco Compressors America
• Elliott Company
• Associated Compressor Engineers
• C&B Pumps And Compressors
• Gas Compressor Consultants
CNG Compressor Market Insights
Lucintel forecasts that positive displacement will remain the larger segment over the forecast period because the ompressors are well-suited for CNG applications as they can handle a wide range of flow rates and pressures.
APAC will remain the largest region over the forecast period due to increasing demand for CNG vehicles, as well as, automobile manufacturers are investing more money to improve vehicle emissions standards in this region.
Features of the Global CNG Compressor Market
Market Size Estimates: CNG compressor market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: CNG compressor market size by technology, application, and region in terms of value ($B).
Regional Analysis: CNG compressor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different technology, application, and regions for the CNG compressor market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the CNG compressor market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the CNG compressor market size?
Answer: The global CNG compressor market is expected to reach an estimated $4.5 billion by 2030.
Q2. What is the growth forecast for CNG compressor market?
Answer: The global CNG compressor market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the CNG compressor market?
Answer: The major drivers for this market are growing demand for natural gas in the automotive industry to replace gasoline, growing consumer desire for greener energy, as well as, growing understanding of the advantages of CNG for the environment and the necessity of reducing reliance on fossil fuels.
Q4. What are the major segments for CNG compressor market?
Answer: The future of the global CNG compressor market looks promising with opportunities in the industrial, residential, and transportation markets.
Q5. Who are the key CNG compressor market companies?
Answer: Some of the key CNG compressor companies are as follows:
• Ariel
• Atlas Copco
• Bauer Compressors
• Wärtsilä
• CIMC Enric
• Kobelco Compressors America
• Elliott Company
• Associated Compressor Engineers
• C&B Pumps And Compressors
• Gas Compressor Consultants
Q6. Which CNG compressor market segment will be the largest in future?
Answer: Lucintel forecasts that positive displacement will remain the larger segment over the forecast period because the ompressors are well-suited for CNG applications as they can handle a wide range of flow rates and pressures.
Q7. In CNG compressor market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to increasing demand for CNG vehicles, as well as, automobile manufacturers are investing more money to improve vehicle emissions standards in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the CNG compressor market by technology (positive displacement and dynamic), application (industrial, residential, and transportation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Cng Compressor Market, Cng Compressor Market Size, Cng Compressor Market Growth, Cng Compressor Market Analysis, Cng Compressor Market Report, Cng Compressor Market Share, Cng Compressor Market Trends, Cng Compressor Market Forecast, Cng Compressor Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global CNG Compressor Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global CNG Compressor Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global CNG Compressor Market by Technology
3.3.1: Positive Displacement
3.3.2: Dynamic
3.4: Global CNG Compressor Market by Application
3.4.1: Industrial
3.4.2: Residential
3.4.3: Transportation
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global CNG Compressor Market by Region
4.2: North American CNG Compressor Market
4.2.2: North American CNG Compressor Market by Application: Industrial, Residential, and Transportation
4.3: European CNG Compressor Market
4.3.1: European CNG Compressor Market by Technology: Positive Displacement and Dynamic
4.3.2: European CNG Compressor Market by Application: Industrial, Residential, and Transportation
4.4: APAC CNG Compressor Market
4.4.1: APAC CNG Compressor Market by Technology: Positive Displacement and Dynamic
4.4.2: APAC CNG Compressor Market by Application: Industrial, Residential, and Transportation
4.5: ROW CNG Compressor Market
4.5.1: ROW CNG Compressor Market by Technology: Positive Displacement and Dynamic
4.5.2: ROW CNG Compressor Market by Application: Industrial, Residential, and Transportation
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global CNG Compressor Market by Technology
6.1.2: Growth Opportunities for the Global CNG Compressor Market by Application
6.1.3: Growth Opportunities for the Global CNG Compressor Market by Region
6.2: Emerging Trends in the Global CNG Compressor Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global CNG Compressor Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global CNG Compressor Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Ariel
7.2: Atlas Copco
7.3: Bauer Compressors
7.4: Wärtsilä
7.5: CIMC Enric
7.6: Kobelco Compressors America
7.7: Elliott Company
7.8: Associated Compressor Engineers
7.9: C&B Pumps and Compressors
7.10: Gas Compressor Consultants
.
Buy full report or by chapter as follows
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
Please sign in below to get report brochure - CNG Compressor Market Report.